Roadmap - A Way To Read Markets

Quoting swd

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{quote} Hi, Had a few minutes, so I changed the original version of CompRSISelectv2 so that it will not repaint in realtime use in the indicator window. Logically looks ok to me. However, I don't follow this strategy or know how you are using the indicator, so advise you test alongside what you have. If you like it, keep it, if not no harm in trying. Took longer to type this than to make the change {file} swd P.S Indicator renamed so as to retain your old version.

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Quoting Degolep

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{quote} The problem with this kind of showing the information is that it averages the RSI value into a 4 hour long line which is not ideal since in 4 hours a lot can happen. What we need is what I wrote here if it's even possible to code. https://www.forexfactory.com/showthr...6#post12946826 It needs to be in a histogram and it needs to save the value after every candle close. M5 would be greatsince in 5 min the value doesn't change much.

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Quoting za1jcas

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{quote} This indicator does not repaint. Did you test it? It saves 5 minute close values like hanover's version, which I uploaded earlier. For visual backtest use strategy tester with indicator. You suggest the same thing as we already have, just with histogram. {image}

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Quoting Degolep

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{quote} Same value for 4 hours. {image}

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Quoting za1jcas

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{quote} You need to wait for bar closes real time. It does not load history correctly, but if you leave mt4 running it will fill with correct values. As I said if you want visual backtest you need to run it in back-tester as indicator. Will attach image how to do it. After loading visual chart put all indicators and you are ready to backtest. {image}

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Quoting Degolep

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{quote} What I wanted is to get LIVE backtest values, but hits doesn't work. Using the strategy tester it works.

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Quoting mUrfo

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slow day today so i'd share my loser from this morning. price had broken YH and pierced my TL. I got short at the actual bottom of the move. too eager i know.. price eventually went all the back up and over the SMA where i closed for a loss. this is the second time ive made this mistake of getting on too early (friday and today). lesson is wait for the set up don't try and guess the move before it happens. {image}

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Quoting Nikl

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{quote} Cheers Turnip I'll look into that. It appears I can only trade full lots on indices with Global prime, at least on demo anyway.

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Quoting TheG-Lover

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Nice start to my morning so far... Let's see if it reaches ADR High (solid green horizontal) or Major resistance (solid yellow line) {image}

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Quoting bojack34

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{quote} You're probably right about getting in too early, tbh I didn't really look at the entires BUT, you mention your mistake coming on a Friday and a Monday Holiday. Typically Friday's and Monday's aren't the best days to trade anyway. I personally don't trade Friday ever. I also never trade on a US Holiday. Those are the two days you mentioned having bad results. Maybe something to consider. Green Pips to you!

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Quoting Wightoil

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My turn for another loser this morning. Entered as soon as it was back in the channel after it crossed the SMA, with a plan to TP at the Daily Hi or the mid term down trend line. {image} Also part of the plan was to exit if it convincingly crossed the short term re-trace line, Which it did, with bars crossing the SMA. Was away from the screen for an hour but not doubt about the exit as soon as I got back. {image} Practice, practice! - I notice also in my first pic that the RSI was not as high as it should have been.

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